Osisko Gold Royalties (TSE:OR) Shares Pass Above 50-Day Moving Average – Here’s Why

by · The Cerbat Gem

Osisko Gold Royalties Ltd (TSE:OR – Get Free Report)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$52.11 and traded as high as C$63.96. Osisko Gold Royalties shares last traded at C$61.65, with a volume of 760,273 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Canaccord Genuity Group upgraded Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Scotiabank downgraded shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Jefferies Financial Group lowered shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating and set a C$40.00 target price on the stock. in a report on Sunday, October 5th. TD Securities raised their price target on shares of Osisko Gold Royalties from C$52.00 to C$66.00 in a report on Thursday, January 22nd. Finally, Raymond James Financial upgraded Osisko Gold Royalties from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$45.50.

Get Our Latest Analysis on OR

Osisko Gold Royalties Trading Down 12.9%

The business has a 50 day simple moving average of C$52.27 and a two-hundred day simple moving average of C$48.18. The company has a current ratio of 4.40, a quick ratio of 0.98 and a debt-to-equity ratio of 5.29. The company has a market cap of C$10.09 billion, a PE ratio of 68.83, a price-to-earnings-growth ratio of 1.31 and a beta of 1.21.

Insider Buying and Selling

In other news, insider Guy Desharnais sold 4,407 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of C$45.15, for a total transaction of C$198,976.05. Following the completion of the transaction, the insider owned 24,814 shares of the company’s stock, valued at C$1,120,352.10. This represents a 15.08% decrease in their position. 0.38% of the stock is owned by company insiders.

About Osisko Gold Royalties

(Get Free Report)

Osisko is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American focused portfolio of over 175 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada.

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